Collection

Corporate Debt and Derivative Contracts: Draft Regulations

This collection brings together documents about amendments to the Disregard Regulations 2004 and the Change of Accounting Practice Regulations 2004.

HM Revenue and Customs (HMRC) has published draft regulations to amend the Disregard Regulations 2004 and the Change of Accounting Practice Regulations 2004. HMRC has also published a Technical Note to accompany the draft regulations and which provides an overview of the amendments.

The proposed changes are set out in 3 sets of amending regulations. For each set of amending regulations there are draft regulations and explanatory note, a draft explanatory memorandum and a tax information and impact note.

The draft regulations are now published for a short period of technical consultation which will close on 12 September 2014. Please direct any comments to:

Richard Daniel
HM Revenue and Customs
Room 3C/06
100 Parliament Street
London
SW1A 2BQ

Telephone: 03000 569 408
Email: richard.daniel@hmrc.gsi.gov.uk

Update:

The 3 sets of regulations have now been made and can be accessed at:

The Loan Relationships and Derivative Contracts (Change of Accounting Practice) (Amendment) Regulations 2014

The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations 2014

The Changes in Accounting Standards (Loan Relationships and Derivative Contracts) Regulations 2014

Loan relationships and derivative contracts (disregard and bringing into account of profits and losses) (amendment) Regs 2014

Loan relationships and derivative contracts (change of accounting practice) (amendment) Regulations 2014

Changes in accounting standards (loan relationships and derivative contracts) Regulations 2014

Published 7 August 2014